A cheque of GH 5,000.00 was paid to a Foodstuffs Supplier Creditor as Part-Payment of the Institution's

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A cheque of GH 5,000.00 was paid to a Foodstuffs Supplier Creditor as Part-Payment of the Institution's indebtedness and this cheque lasted for its mandatory life span without withdrawal.

What would be the Accounting treatment for this cheque; where

a) The Cost Centre Manager asked you to discontinue the payment due to insufficient Funds?

b) The Cost Centre Manager gives you the mandate to continue with the payment.

Related Book For answer-question

Business Communication Essentials a skill based approach

ISBN: 978-0132971324

6th edition

Authors: Courtland L. Bovee, John V. Thill

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Posted Date: Jan 04, 2021 01:10 PM

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A cheque of GH 5,000.00 was paid to a Foodstuffs Supplier Creditor as Part-Payment of the Institution's

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a If the check isnt accepted thanks to poor funds itll be thoughtabou... View the full answer

Business Communication Essentials a skill based approach

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